CMA intervention in Just Eat/Takeaway merger

CMA intervention in Just Eat/Takeaway merger

The Competition and Markets Authority (CMA) has made an Initial Enforcement Order (IEO) whilst it continues to investigate the merger of Just Eat plc and N.V. Under the terms of the IEO, Just Eat and Takeaway must continue to operate as independent entities.

The CMA has however said that the order does not prevent completion of the transaction, nor does it prevent the transfer of legal or beneficial ownership of Just Eat shares to Takeaway, including by way of compulsory acquisition. Previously, the CMA had opened a public consultation at the 11th hour, inviting comments from interested third parties until 6 February 2020 (for more information, see here).

Market Tracker will continue to monitor this transaction as it develops. 

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Market Tracker is a unique service for corporate lawyers housed within Lexis®PSL Corporate. It features a powerful transaction data analysis tool for accessing, analysing and comparing the specific features of corporate transactions, with a comprehensive and searchable library of deal documentation across 14 different deal types. The Market Tracker product also includes news and analysis of key corporate deals and activity and in-depth analysis of recent trends in corporate transactions.